Mirror Protocol ( $MIRUSDT ) Potential Double Top Forming$MIRUSDT has been on fire lately providing major price swings, better than even scalper's best dreams.
After a smooth downtrend, on the 1h chart it seems that MIR is forming a double top which could signal a potential 20% boost within the upcoming 24 hours.
It is highly recommended for traders to observe and set buy orders if price moves past $1.80
Scalpers and day traders can benefit of Mirror's swings even before the next pump.
Boostalert
AUD/USD bears heading for 0.70 psychological level AUD/USD is currently trading at 0.7055 between a range of 0.7038 and 0.7157.
The COVID safe-haven has been the major culprit for the slide in the commodity complex as the euro plummets to one-week lows on prospects of a national lockdown in both Germany and France. AUD's weakness can be directly related to weakness in commodities.
Reserve Bank of Australia will be unimpressed with the yearly result in the trimmed mean, which will likely be playing a role in AUD's softness, if not only to help justify some of the recent weakness.
AUD/USD is back on the defensive and bears look for downside extension.
Gold Bulls BreakoutThe price of gold has traded to fresh yearly highs during every single month so far in 2020, and the bullish behavior may persist throughout the second half of the year as the Federal Reserve vows to “increase its holdings of Treasury securities and agency MBS (Mortgage-Backed Security) and agency CMBS (Commercial Mortgage-Backed Security) at least at the current pace.”
Gold chasing 2020 high of $1818.
Recent developments in the Trend Boost Indicator warn of a potential bullrush in bullion as the indicator snaps the short trend from 9th June after failing to push into oversold territory.
AUDUSD looking to break 0.700 * Bulls keep the reins with eyes on 0.7000 ahead of China CPI/PPI
* A break of the 0.700 level could escalate the north-run to attack June month’s high of 0.7065.
Pandemic concerns are turning worrisome in Australia and abroad, the AUD/USD buyers remain in control against broading US dollar declines.
Traders might pause the run-up ahead of June month inflation data from the largest customer China. Forecasts suggest recoveries in the headline Consumer Price Index (CPI) data from 2.4% to 2.5% YoY whereas the Producer Price Index (PPI) is also expected to bounce off -3.7% to -3.2% on a yearly basis. Further, Australian Home Loans and Investment Lending for Homes, as well as weekly US Jobless Claims, are some other data that should be watched for immediate trade direction.
12 Hour Boost inicator signalling the possible waking of the AUDUSD bulls.
5 Reasons To Take Bitcoin SeriouslyDespite recent price volatility and global COVID-19 uncertainty, 2020 is shaping up to be a big year for Bitcoin.
1.Security
The fact that Bitcoin is not centralized makes it less vulnerable to security threats and more resilient and efficient. Many users are uncomfortable entering their banking and personal details online, so Bitcoin offers an alternative that, at the very least, appears safer.
2. Availability
All that’s required to perform transactions with Bitcoin is a smartphone with internet access. Since no physical banking institutions are involved, cryptocurrencies like Bitcoin have an advantage, particularly in developing countries where traditional banking is unavailable or difficult to access. Since it’s easier to set up an internet connection than it is to create a physical banking network, Bitcoin is likely the currency of the future for many areas of the world.
3.Easy To Use
And Bitcoin — although its underlying technology is highly complex — is incredibly easy to use. As we become increasingly used to apps and software solutions for everyday tasks and problems, we’re beginning to expect that "there’s an app for that."
4. Inflation Rsistant
Bitcoin is essentially inflation-resistant, giving it a major advantage over traditional currencies, all of which are subject to losing value at certain times. The anti-inflationary measures mean that Bitcoin will always retain its value, and also make it a viable alternative to traditional currencies.
5. Lack of Competition
Bitcoin is no longer the only cryptocurrency around. Ethereum, for instance, was one of the first competitors to emerge, imitating the technology behind Bitcoin. However, for the competition to be a threat to Bitcoin, it would need to have some specific and tangible advantages. Fiat currencies are not a rival to Bitcoin as governments continue to print more money.
